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As U.S. Supreme Court weighs YouTube’s algorithms, ‘litigation minefield’ looms

BY Reuters  • February 17, 2023February 17, 2023
By Andrew Chung WASHINGTON (Reuters) – In 2021, a California state court threw out a feminist blogger’s lawsuit accusing Twitter Inc of unlawfully barring as “hateful conduct”[...]
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NBA Hall-of-Famer Pierce to pay $1.4 million over crypto promotion, SEC says

BY Reuters  • February 17, 2023February 17, 2023
By Douglas Gillison and Pete Schroeder WASHINGTON (Reuters) – Former pro US basketball star Paul Pierce has agreed to pay more than $1.4 million to settle charges he illegally promoted digital a[...]
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Air France-KLM sees robust bookings after better-than-expected Q4

BY Reuters  • February 17, 2023February 17, 2023
By Joanna Plucinska LONDON (Reuters) -Air France-KLM said on Friday its 2023 bookings were almost back to pre-pandemic levels as it reported a better-than expected fourth-quarter operating profit with[...]
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Gucci banks on private ‘salons’ for the ultra-rich to revive sales

BY Reuters  • February 17, 2023February 17, 2023
By Mimosa Spencer PARIS (Reuters) -Gucci is banking on new ultra-high-end “salons” offering merchandise priced at up to $3 million to help narrow a widening gap with rival Louis Vuitton as[...]
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Asia Business Economy Entertainment and Lifestyle Europe Updated

Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters – sources

BY Reuters  • February 17, 2023February 17, 2023
By Josh Ye HONG KONG (Reuters) – Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and hea[...]
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Asia Business Entertainment and Lifestyle Technology

Founder of WallStreetBets, which helped ignite meme stock frenzy, sues Reddit

BY Reuters  • February 16, 2023February 16, 2023
By Jonathan Stempel (Reuters) – The founder of WallStreetBets, which has been credited with helping ignite investors’ frenzy into “meme” stocks, sued Reddit Inc on Wednesday, a[...]
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Business Economy Entertainment and Lifestyle Technology Updated US

K-pop monopoly? BTS agency’s plan to buy big slice of rival stokes concern, says activist fund

BY Reuters  • February 16, 2023February 16, 2023
By Hyunsu Yim and Joyce Lee SEOUL (Reuters) – As the company behind K-pop royalty BTS seeks to build a big stake in a prominent rival for close to $900 million, a vocal activist fund is playing[...]
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Asia Business Entertainment and Lifestyle US

Airbnb shares surge as Wall St cheers strong forecast, cost controls

BY Reuters  • February 15, 2023February 15, 2023
By Priyamvada C (Reuters) – Airbnb Inc shares jumped 9% before the bell on Wednesday and were set to open at their highest since May, as investors cheered its bullish revenue forecast and tight[...]
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How secret London talks led to Air India’s gigantic plane order

BY Reuters  • February 15, 2023February 15, 2023
By Aditi Shah and Tim Hepher BENGALURU/PARIS (Reuters) -Air India’s record aircraft deal has put the Tata Group-owned airline in the league of aspiring global carriers. On Tuesday, it provisiona[...]
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